FCC invests USD 1.2 Bn to bring broadband connectivity to rural areas
Category: #business |   By Pankaj Singh |   Date: 2022-01-31

FCC invests USD 1.2 Bn to bring broadband connectivity to rural areas

The Federal Communications Commission recently announced that it will be providing USD 1.2 billion funding via its Rural Digital Opportunity Fund to extend broadband services across 32 states.

The FCC has also launched its Rural Broadband Accountability Plan, which will double the number of verifications and audits conducted in 2022 as compared to the previous year. The plan includes clauses to make speed & latency tests, as well as verification & audit results available publicly on the Universal Service Administration Company website.

Jessica Rosenworcel, Chairperson of the FCC, stated that the new accountability plan will streamline the publicly available audit & verification processes and speed & latency tests, ensuring that program providers are performing at the required standards.

Notably, the FCC has termed the latest round to be its largest funding to date and has stated that 23 broadband companies will now provide their services to over a million new areas.

The sweeping coronavirus pandemic served as a pointer that highlighted connectivity issues prevailing in rural America after most employees opted to work from home and kids attended school virtually.

To alleviate the problem, President Joe Biden approved an infrastructure package worth USD 1 trillion in November 2021, that set aside USD 65 billion for making broadband services accessible to every American household. In late 2021, the FCC had also launched a program that would provide internet at  low rates to poor households.

According to sources, the FCC had awarded companies a total of USD 9.2 billion under the Rural Digital Opportunity fund in 2020, which also included a USD 886 million subsidy for SpaceX.

By using the funds, the Elon Musk-owned communications corporation was supposed to deploy satellite internet network in rural areas. However, last year, SpaceX and other providers reportedly received warnings from the FCC to stop misusing these funds for providing better service to well-connected areas.

Source Credits –

https://www.theverge.com/2022/1/29/22908024/fcc-rural-broadband-deployment-funding

  • shareShare
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh     Twitter

Pankaj Singh

With a commendable experience of content creation under his belt, Pankaj Singh, a qualified Post Graduate in Management, boasts of having worked as a freelance writer and an insurance underwriter. Additionally, Pankaj has also enriched his qualification portfolio with Read more...

More News By Pankaj Singh

Oracle Prepared to Assist Canadian Banks with Open Banking Transition

Oracle Prepared to Assist Canadian Banks with Open Banking Transition

By Pankaj Singh

The American tech giant Oracle has reportedly expressed its readiness to assist Canadian banks with their open banking requirements, offering necessary tools as needed once the country decides to make this service available. Sonny Singh, the Execu...

Goldman Sachs explores sale options for its fintech unit GreenSky

Goldman Sachs explores sale options for its fintech unit GreenSky

By Pankaj Singh

GreenSky was bought by Goldman Sachs in 2021 for USD 2.24 billion stock deal. Goldman Sachs quotes GreenSky as ‘good business’. Goldman cites itself not best suited to lead the fintech in long run . In the recent turn of event...

Tesla ordered to pay ex-employee over $3.2 Mn in damages over racism case

Tesla ordered to pay ex-employee over $3.2 Mn in damages over racism case

By Pankaj Singh

Electric car manufacturer, Tesla, has reportedly been ordered by a federal jury to pay more than USD 3.2 million in damages to a former worker, following his win in a racial harassment suit. Owen Diaz, who worked as a lift operator at the firm’...